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EURGBP Technical Overview: Stuck in a triangle

EURGBP Technical Overview: Stuck in a triangle

Short term selling pressure continues on EURGBP Pair.

We keep selling the pullbacks. The last short trade at 0.62200 has achieved it’s first target at 0.91700.

The pair is stuck in a triangle in smaller chart timeframes.

Breakdown of the 0.91500 support will send the pair 0.91300 MM Support.

On the downside intraday targets are: 0.91000  0.90500.

Triangle breakout level is 0.90500.

Closing below 0.90500 will send the price towards 0.89600 – MM 4/8 H4 –

To buy the pair , we need to see the bullish breakout of the triangle.

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DISCLAIMER: This is a technical analysis study, not advice or recommendation to invest money

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility


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